Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

+1.1%

Dec 8 4:00 PM EST

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To: Return to Sender who wrote (10119)	6/13/2003 10:05:28 PM
From: The Ox	of 95536

The bear has a few tricks left up it's sleeve. I agree that there will be better opportunities to go long in the intermediate future (3-6 mos). However, right now the market is looking for reasons to take profits. How long this will last is anyone's guess? Long side profits have been hard to come by the last few years and it's only natural that we will continue to see heavy resistance each time we sustain a solid move up (like this last one). Back and fills are to be expected but until we see major technical breakdowns I am keeping my bullish bias in place. (I am not blindly bullish, as I have tried to stress in prior posts!) A correction down into the 330 area is still very possible. A move back toward the trend line should be expected after bullish runs pull the index (too far) above the trend channel. At least that's the way I see it...

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